I'm ltd and I got all my info of here...

Posted By: hoolahan on August 7th 2013 at 18:56:00

Message Thread

Anyone here self employed and got some thoughts on pro/cons of Sole Trader VS Ltd Co? (General Chat) - megson, Aug 7, 18:54:35
- I have been both... now own Ltd company. (General Chat) - promethian1, Aug 7, 20:21:06
  - oh... by the way...only corp taxed if a profit made :) (n/m) (General Chat) - promethian1, Aug 7, 20:23:00
- Got ur email meggers. Will email you tomorrow as out this evening. (n/m) (General Chat) - Tony Martin, Aug 7, 20:09:45
  - Thanks (n/m) (General Chat) - megson, Aug 7, 20:18:23
- My thoughts... (General Chat) - Larry Hagman, Aug 7, 19:22:13
  - This is how I will start I think, perhaps formalise it once I've got a bit more (General Chat) - megson, Aug 7, 19:45:26
    - Good plan (n/m) (General Chat) - Larry Hagman, Aug 7, 19:53:25
- Email me if you like and I'll try to answer ur questions. I'm qualified ACCA. (General Chat) - Tony Martin, Aug 7, 19:09:47
  - told ya^ (n/m) (General Chat) - Jumbo1, Aug 7, 19:11:46
- Hi Meggers, it depends if you are a cash rich enterprise or wether you will be operating (General Chat) - Jumbo1, Aug 7, 19:08:00
  - Physical silver not gold. (General Chat) - Tony Martin, Aug 7, 19:14:36
    - Tin. Seriously. Sell your house and buy tin. (General Chat) - Arizona Bay, Aug 7, 19:16:59
      - it's not made of tinennymore soz (General Chat) - Tombs, Aug 7, 19:20:05
        
        Oh fuck. (General Chat) - Arizona Bay, Aug 7, 19:23:01
        
        sorry but i've just spent it all on alumiumiomnion foil (General Chat) - Tombs, Aug 7, 19:25:42
    - x (n/m) (General Chat) - Jumbo1, Aug 7, 19:16:37
  - It'll be service based so neither really, although closer to cash rich I guess. (General Chat) - megson, Aug 7, 19:14:24
    - Then be a sole trader... (General Chat) - Larry Hagman, Aug 7, 19:25:59
      - You can - if you can dedicate a room as "your office" all the better... (n/m) (General Chat) - Old Man, Aug 7, 19:27:31
        
        And the fewer the number of rooms in the house the higher the percentage (n/m) (General Chat) - Larry Hagman, Aug 7, 19:32:26
        
        Excellent sounds good, thanks guys. (n/m) (General Chat) - megson, Aug 7, 19:37:14
        
        ^^^ this is how the Starbucks type tax avoidance starts... (General Chat) - Ralf Scrampton, Aug 7, 19:55:03
        
        Fuck it, i've been PAYE all my life so far so I've had to pay my tax. Its my bloody turn (General Chat) - megson, Aug 7, 19:58:55
- I'm ltd and I got all my info of here... (n/m) (General Chat) - hoolahan, Aug 7, 18:56:00
  - Steveotbc was the guy who posted this... (General Chat) - hoolahan, Aug 7, 19:09:07
    - The tax you save is NICs (General Chat) - Old Man, Aug 7, 19:31:10
    - Thanks for this, interesting stuff I'll have a look. (n/m) (General Chat) - megson, Aug 7, 19:11:27
  - Some clever poster sort me out will try find it for you (n/m) (General Chat) - hoolahan, Aug 7, 18:56:23
    - The PCG? (General Chat) - Old Man, Aug 7, 19:05:33
- Depends what your trade is. What do you do? (General Chat) - Old Man, Aug 7, 18:55:57
  - The plan is to do some work with SME's around their training, people development, process (General Chat) - megson, Aug 7, 19:16:26
    - For that kind of consultancy I'd look at ltd (General Chat) - Old Man, Aug 7, 19:25:43
      - Good advice on for services vs services, can I ask why you'd recommend ltd? (General Chat) - megson, Aug 7, 19:44:28
        
        That approach is also fine (General Chat) - Old Man, Aug 7, 19:52:45
        
        Excellent thanks that's really helped. (General Chat) - megson, Aug 7, 20:00:50
- Expect Tuddles will know a bit about that. (General Chat) - Arizona Bay, Aug 7, 18:55:44

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